RBA hints at interest rate cut due to slowing economy

07/02/2019|2min

Australia's Reserve Bank has hinted it may slash interest rates to their lowest point in decades just days out from the federal election.
Governor Philip Lowe has admitted a slowing property market and lower spending are putting the economy at risk, prompting a potential cut.
The RBA board is expected to meet on May 7, after the release of new inflation figures in April, with the election tipped to be held on May 11 or May 18.